Heatherland Healthcare Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04481612 (England and Wales)

Abridged Financial Statements For The Year Ended 30 April 2023

for

Heatherland Healthcare Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Allana

J Nathu

SECRETARY:

M Allana

REGISTERED OFFICE:

Heatherland Healthcare Limited

19-23 Lovedean Lane

Horndean

Waterlooville

Hampshire

PO8 8HJ

REGISTERED NUMBER:

04481612 (England and Wales)

SENIOR STATUTORY AUDITOR:

Sibtain Versi

AUDITORS:

Citi Partners Consultants LLP

Chartered Accountants & Statutory Auditors

Gatcombe House

Copnor

Portsmouth

Hampshire

PO3 5EJ

FIXED ASSETS

Intangible assets

4

7,950

12,375

Tangible assets

5

894,170

913,378

Investments

6

3,000

3,000

905,120

928,753

CURRENT ASSETS

Stocks

3,707

3,707

Debtors

139,159

66,726

Cash at bank and in hand

978,947

801,126

1,121,813

871,559

CREDITORS

Amounts falling due within one year

(310,535

)

(238,197

)

NET CURRENT ASSETS

811,278

633,362

TOTAL ASSETS LESS CURRENT LIABILITIES

1,716,398

1,562,115

PROVISIONS FOR LIABILITIES

(14,216

)

(16,060

)

NET ASSETS

1,702,182

1,546,055

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Retained earnings

1,652,182

1,496,055

SHAREHOLDERS' FUNDS

1,702,182

1,546,055

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2024 and were signed on its behalf by:

M Allana - Director

1.	STATUTORY INFORMATION

Heatherland Healthcare Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of considerations received, and is recognised in accordance with the period of the provision of care services to which it relates.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

Straight line over 100 years

Plant and machinery etc

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 32 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2022

and 30 April 2023

100,000

AMORTISATION

At 1 May 2022

87,625

Amortisation for year

4,425

At 30 April 2023

92,050

NET BOOK VALUE

At 30 April 2023

7,950

At 30 April 2022

12,375

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2022

1,302,567

Additions

3,330

At 30 April 2023

1,305,897

DEPRECIATION

At 1 May 2022

389,189

Charge for year

22,538

At 30 April 2023

411,727

NET BOOK VALUE

At 30 April 2023

894,170

At 30 April 2022

913,378

Freehold land and buildings includes land with a value of £231,796 on which no depreciation is charged.

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 May 2022

and 30 April 2023

3,000

NET BOOK VALUE

At 30 April 2023

3,000

At 30 April 2022

3,000

7.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.23

30.4.22

£

£

Bank loans

-

37,250

The bank holds a First Legal Mortgage over the freehold property and an Unscheduled Mortgage Debenture over the assets of the company.

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sibtain Versi (Senior Statutory Auditor)

for and on behalf of Citi Partners Consultants LLP

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £337,500 (2022 - £41,850) were paid to the directors .

The company owns 30% of the share capital of Tollgate Healthcare Limited, a company registered in England and Wales. During the year it received dividends totalling £750,000 (2022: £87,000) from Tollgate Healthcare Limited.

The directors maintain loan accounts with the company. At the year end the company owed them £nil (2022: £7,185l).

10.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.